Why is Escorts Kubota falling/rising?

As of 21-Jul, Escorts Kubota Ltd's stock price is currently at 3,434.00, reflecting an increase of 27.9, or 0.82%. The stock has shown a positive performance today, trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 30.3% compared to the 5-day average. However, the company has faced challenges, including a decline in profit before tax and net sales in the latest quarter, which has contributed to a year-over-year return of -12.15%. Despite a low debt-to-equity ratio and trading at a discount compared to peers, the stock's valuation remains high with a price-to-book value of 3.7, indicating potential concerns among investors.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of +5.15% and +6.27%, respectively, while the benchmark has remained relatively flat. However, over the year-to-date, Escorts Kubota has underperformed the market, generating a return of +3.23% compared to the Sensex's +5.20%. This underperformance, coupled with the company's flat results and high valuation metrics, suggests that while there may be short-term positive movements, the overall sentiment remains cautious due to the company's recent financial performance and its significant underperformance relative to the broader market.